Browse Forums Building A New House Re: SunshineT's Build: just signed our life away!!!!!!!!! 661Nov 23, 2011 9:43 pm Hi, My build has the following stage and payments: Deposit 5% Base stage 10% Frame stage 15% Lockup stage 35% Fixing stage 25% Completion 10% House - Lockup completed 23rd December 2011 - Painters are in!!! https://forum.homeone.com.au/viewtopic.php?f=31&t=37261&start=0&hilit=Blaxland Re: SunshineT's Build: just signed our life away!!!!!!!!! 662Nov 23, 2011 9:53 pm T, Mine is : 5% Deposit 25% Due on completion of concrete slab 20% Due on erection of frame & roof trusses 20% Due on completion of brickwork (no roof tiles laid) 20% Due on commencement of intenal linings 10% Practical completion Re: SunshineT's Build: just signed our life away!!!!!!!!! 663Nov 24, 2011 8:31 am Hi T - and ours was:- Deposit $2,000 Footings 20% Wall & Roof Frame 20% Bricks & Roof 25% Linings 5% Second Fix 20% Completion 10% For info on our build: viewtopic.php?f=31&t=43093 Built the McLaren by Dechellis - slab down 22 Feb - handover 30 Aug 2011 - and gardens finished 9 Dec 2012!! Re: SunshineT's Build: just signed our life away!!!!!!!!! 665Nov 24, 2011 11:02 am Ours was originally: Deposit 5% Base stage 20% Frame stage 25% Lockup stage 20% Fixing stage 20% Completion 10% But we asked to change it to the standard domestic building contract stages which is: Deposit 5% Base stage 10% Frame stage 15% Lockup stage 35% Fixing stage 25% Completion 10% Bron Re: SunshineT's Build: just signed our life away!!!!!!!!! 666Nov 24, 2011 7:35 pm wow guys, thank you so much! That is extremely useful... The one thing everyone has is 10% at completion. Bron and buildingwest seem to have the same which, if that is standard, is much better than ours ... wondering about whether to ask for some changes to ours ... THANK YOU again willcres, buildingwest, Bron and Annette. ps: Update - we chose carpets today. The builders rep from CarpetCall came to meet us at a store closer to us than Seven Hills, and was extremely useful. He said he came on board with Zen a few months ago, but we are actually the first Zen customers he has seen... He did say he thought the Zen carpet inclusions were better than most. We chose: Anchorage (a 90% wool 10% nylon carpet). oops, forgot colour. Just waiting for a quote for an upgrade of the underlay from Gold to either Platinum or Blue... He also (almost) persuaded us that floating timbers are better than solid timber...(on the basis of expansion, cracks, and no-one ever sanding floors or if ever, only once...)... I wonder... SunshineT's Build: viewtopic.php?f=31&t=34585 Designs start: 4/12/09 DA: 5/7/11 Demo: 22/12/11 Slab: 24/2/12 Keys: 31/8/12 Re: SunshineT's Build: just signed our life away!!!!!!!!! 667Nov 24, 2011 7:43 pm T, I wonder whether completion means practical completion or handover Zen looks similar to Masterton, Wisdom seems to be pay all at practical completion. Also I wonder if there a difference between states. Re: SunshineT's Build: just signed our life away!!!!!!!!! 668Nov 24, 2011 7:57 pm Gogo - did you read the discussion on Cosmo thread too? Zen are way way front loaded it seems. For us even more so as we paid more than 5% deposit as special arrangement... SunshineT's Build: viewtopic.php?f=31&t=34585 Designs start: 4/12/09 DA: 5/7/11 Demo: 22/12/11 Slab: 24/2/12 Keys: 31/8/12 Re: SunshineT's Build: just signed our life away!!!!!!!!! 669Nov 24, 2011 8:20 pm Hey T, I have read the Cosmo thread and have tried to do a little research, but all I can seem to find is that different states have different legislation, Fair trading just say that payment can only be requested on completion which is not the case with Willcres, but other than that, there is no information about an actual recommended schedule I did find something regarding the HWI on fair trading site: If the work is required to be covered by home warranty insurance, it is illegal for the contractor to ask for a deposit or other payment under the contract unless home warranty insurance has been taken out, and a certificate of the insurance is given to you. Re: SunshineT's Build: just signed our life away!!!!!!!!! 670Nov 24, 2011 9:56 pm gogo65 T, I wonder whether completion means practical completion or handover Zen looks similar to Masterton, Wisdom seems to be pay all at practical completion. Also I wonder if there a difference between states. Gogo, The last 10% we pay when the house is ready to be occupied, so we give them cheque 10% & they give us the keys plus a basket of goodies (i heard it's like Moet Chandon, fruits & chocolate) Re: SunshineT's Build: just signed our life away!!!!!!!!! 671Nov 25, 2011 6:00 am willcres gogo65 T, I wonder whether completion means practical completion or handover Zen looks similar to Masterton, Wisdom seems to be pay all at practical completion. Also I wonder if there a difference between states. Gogo, The last 10% we pay when the house is ready to be occupied, so we give them cheque 10% & they give us the keys plus a basket of goodies (i heard it's like Moet Chandon, fruits & chocolate) Well they have to be nice to you somwhere, considering you pay the other 90% so early. Although practical completion means no more trades like where we pay our 8%, we then pay 2% on keys, You probably need to double check the wording because the last payment of commencement of internal linings is against the law, if in fact that is how it is worded. If it is completion of internal linings then thats OK Re: SunshineT's Build: just signed our life away!!!!!!!!! 672Nov 25, 2011 6:31 am gogo65 I did find something regarding the HWI on fair trading site: If the work is required to be covered by home warranty insurance, it is illegal for the contractor to ask for a deposit or other payment under the contract unless home warranty insurance has been taken out, and a certificate of the insurance is given to you. Correct. And the HIA contract Zen gave us also has this warning 3 or 4 times through-out the contract. HWI is required where the work is over $12,000. I am not aware of anyone having received a copy of insurance, are you? I asked for it last week, but hopefully will get it on Sunday... SunshineT's Build: viewtopic.php?f=31&t=34585 Designs start: 4/12/09 DA: 5/7/11 Demo: 22/12/11 Slab: 24/2/12 Keys: 31/8/12 Re: SunshineT's Build: just signed our life away!!!!!!!!! 673Nov 25, 2011 8:19 am SunshineT gogo65 I am not aware of anyone having received a copy of insurance, are you? I asked for it last week, but hopefully will get it on Sunday... We were given a certificate of insurance by the builder. PCI here means the inspection a week or so before with the SS and an independent inspector if you want one, handover which is when you hand over the last cheque and they hand over the keys!! It's the best feeling .. For info on our build: viewtopic.php?f=31&t=43093 Built the McLaren by Dechellis - slab down 22 Feb - handover 30 Aug 2011 - and gardens finished 9 Dec 2012!! Re: SunshineT's Build: just signed our life away!!!!!!!!! 674Nov 25, 2011 2:41 pm [quote=e] You probably need to double check the wording because the last payment of commencement of internal linings is against the law, if in fact that is how it is worded. If it is completion of internal linings then thats OK[/quote] Really? If it's against the law the I can ask them. Where can I find this rule, gogo? Re: SunshineT's Build: just signed our life away!!!!!!!!! 675Nov 25, 2011 4:30 pm willcres [quote=e] You probably need to double check the wording because the last payment of commencement of internal linings is against the law, if in fact that is how it is worded. If it is completion of internal linings then thats OK Really? If it's against the law the I can ask them. Where can I find this rule, gogo?[/quote] [i][i]Note: Your home warranty insurance policy limits the amount of compensation for incomplete work to 20% of the original contract price (including variations) so it is very important you do not agree to arrangements for progress payments that cover work not yet completed.[/i][/i] Willcres, I found the information on the department of fair trading website, although I cant find the exact page now, I did find this which is on the website BUt if you look through the website, the wording was something like it is against the law to request paymeny for work not yet completed. However you have signed the contract so not sure what your options are now Miss Sunshine Lawyer....help!! Re: SunshineT's Build: just signed our life away!!!!!!!!! 676Nov 26, 2011 12:08 am Hhmmm...thanks, gogo... I did email Colt today and asked about this. He said WH has been doing this statement every year , 350x (houses)/year and the banks pays. So if it's illegal, the bank should notice, right? I know, I don't have much choice here since I've signed the contract...sigh... Re: SunshineT's Build: just signed our life away!!!!!!!!! 677Nov 26, 2011 12:08 am Hhmmm...thanks, gogo... I did email Colt today and asked about this. He said WH has been doing this statement every year , 350x (houses)/year and the banks pays. So if it's illegal, the bank should notice, right? I know, I don't have much choice here since I've signed the contract...sigh... Re: SunshineT's Build: just signed our life away!!!!!!!!! 678Nov 26, 2011 5:25 am From my quick reading, it doesn't sound illegal as such. springtime had a similar issue. The thing is not how much % the payment is, but just so long as you don't pay for future progress payments without the work being done. So one payment could be 10% for one builder and 50% for another. But the % is irrelevant. What is important is that you only pay for THAT progress payment if THAT condition for payment (eg. bricks and roof) have been completed. Not paying ahead. It seems ALL builders front load progress payments. Just some (like Zen) more than others. I am not going through a happy Zen week at the moment. Just got an email on Friday to ask for our Statement of Environmental Effects for CC. We were told CC was in progress weeks ago, but from that request I think they only turned their mind to it very recently (as we are seeing them on Sunday). Hopefully we will come away from the meeting a little happier than I feel right now... SunshineT's Build: viewtopic.php?f=31&t=34585 Designs start: 4/12/09 DA: 5/7/11 Demo: 22/12/11 Slab: 24/2/12 Keys: 31/8/12 Re: SunshineT's Build: just signed our life away!!!!!!!!! 679Nov 26, 2011 9:48 am Sunshine the way I read the clause, was that they cannot request progress payments for work not completed, however in Willcres' payment schedule they request the last large payment at commencement of internal linings rather than completion of internal linings. So they have infact paid 90% at commencement of internal linings As i said on my thread T, I would be very annoyed as well, if in fact they havent started your CC paperwork. Like I have said numerous times before, if you want something done, make an appointment, they only seem to get things done when they are working on a time line. Good luck on Sunday, I am looking forward to hearing how things go. Re: SunshineT's Build: just signed our life away!!!!!!!!! 680Nov 26, 2011 3:49 pm Hi S T,l am building with small builder in vic my contract is Master Builders this is a breakdown of payment table 5% Deposit 10% base stage 15% Frame stage 35% Lock up stage 25% Fixing stage 10% Final payment upon Conpletion.Good luck l have been following your thread,l am providing most of the fittings,lots of net work and running around,l got wall faced toilet for half the price going through builder builder trades with Reece $$$$$$$ Fig Landscapes has produced an e-book and native plant index, available for purchase from their website. It's a great resource, full of inspiration and tips. Another… 1 12796 Our Bondi Greenwall was impressive from day one with advanced lush plants to provide a wow factor to this recently renovated living area. The boundary was less than 1… 0 19253 |